Dec 19, 03:35 PM

Dollar Hits 49.1% Share in Global Payments as Euro Falls to 21%; Yuan Rises to 3.89% and Becomes Fourth Most Active Currency

Recent data from SWIFT indicates a shift in the global currency landscape, with the U.S. dollar's share in international payments reaching a 12-year high of 49.1%. In contrast, the Euro's share has declined to a decade-low of 21%. The Chinese yuan has seen a notable increase, moving up to 5% from 2%, and its share in international payments rose to 3.89% in November, up from 2.93% in October. This increase has positioned the yuan as the fourth most active currency for global payments, surpassing the Japanese yen. The largest market for offshore yuan transactions is Hong Kong, accounting for 76.18% of the total, followed by the UK at 6.16%.

#Euro #Chinese #Japanese #Hong Kong #UK

Written with ChatGPT (GPT-4o mini).

Sources

Michael Pettis@michaelxpettis
2 years ago
People's Daily: "The Chinese yuan moved one position up to the fourth most active currency for global payments by value in November, with a share of 3.89 percent. Hong Kong is the largest market for offshore yuan transactions, taking up 76.18 percent, followed by the UK at 6.16…
Ведомости@Vedomosti
2 years ago
Китайский юань по итогам ноября обогнал японскую йену и занял четвертое место по объему использования в глобальных платежах, свидетельствуют данные SWIFT. По сравнению с октябрем доля китайской национальной валюты увеличилась до 3,89% с 2,93%. https://t.co/htmaslR0zt
Global Times@globaltimesnews
2 years ago
The Chinese yuan moved one position up to the fourth most active currency for global payments by value in November, with a share of 3.89%, SWIFT data showed. https://t.co/tAKh16zGWD https://t.co/62S92KuT4p

Dollar Hits 49.1% Share in Global Payments as Euro Falls to 21%; Yuan Rises to 3.89% and Becomes Fourth Most Active Currency

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